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Boomers spending inheritance on vacations, leaving Gen Z/Millennials with less

By PulseAugur Editorial · [1 sources] ·

A significant portion of Baby Boomers are choosing to spend their wealth on travel and experiences rather than leaving it as an inheritance for their Gen Z and millennial children. This trend, dubbed "Ski-ing" (spending the kids' inheritance), is driven by factors such as being mortgage-free, having substantial disposable income, and a desire to enjoy their wealth during their lifetime. Consequently, many younger generations who were anticipating substantial inheritances for their own retirement may face financial disappointment. AI

RANK_REASON The article discusses a social and financial trend based on survey data and expert opinions, rather than announcing a new product, research finding, or policy.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Boomers spending inheritance on vacations, leaving Gen Z/Millennials with less

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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Orianna Rosa Royle ·

    Gen Z and millennials expect to inherit $124 trillion—but retired boomers are ‘spending their kids’ inheritance’ to go on vacation instead

    Retired boomers are Ski-ing—"spending the kids’ inheritance." It will be a huge shock to millennial and Gen Z who expect a $124 trillion wealth transfer.

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